$501 in Bonus Bets
Get your first bet matched with up to $501 in bonuses*
Deposit $50, Bet with $250*
Sign-up, deposit $50 & receive $200 in Free Bonus Bets!*
$500 Matched Deposit
Sign-up and get your first deposit matched with up to $500 in bonus bets*
$600 in Bonus Bets
Sign-up, deposit $400 & receive $600 in Free Bonus Bets!*
$500 Matched Deposit
Sign-up and get your first deposit matched with up to $500 in bonus bets*
* All Offers and Promotions posted in this article exclude NSW residents.

The prize money and trophies awarded for the Melbourne Cup have changed a lot over the years, with this event now worth over $6 million.

The trophies given to owners, trainers and jockeys have also evolved a lot over time, with the inaugural winner simply given a gold watch in 1861.

The first proper Melbourne Cup trophy was awarded in 1865, in the form of an elaborate silver bowl on a custom made stand.

In the early years of this race, the trophies were all made in England and sent to Australia especially for the race.

Melbourne Cup 2017: View our free Melbourne Cup Tips

History of the Melbourne Cup Trophy

A trophy was first awarded in 1865

In 1867, local Victorian jewellers complained to race officials about this matter, saying that a locally made trophy by William Edwards would be both more authentically Australian and superior in design and workmanship.

While Melbourne Cup officials did listen to the complaints, instead of awarding the contract to a local jeweller they did not award a trophy at all for the next 8 years.

It was not until 1876 that the first locally made trophy was awarded to a Melbourne Cup winner, made by an immigrant from Austria by the name of Edward Fischer.

Made in an Etruscan shape with double handles, this trophy included the name of the winning horse on one side and a picture of a horse in front of a grandstand on the other side.

The design of the winning trophy has changed a lot over the years, growing in size to a 15 inch high and 24 inch long trophy in 1891.

Trophy Production

Trophies continued to be made in England for a number of years, however, with the last trophy manufactured in England in 1914.

A few years later in 1919, the Victorian Racing Club commissioned James Steeth to design the three-handled trophy that has become the iconic Melbourne Cup still used to this day.

While a new trophy is made each and every racing season, it becomes the property of the winning owner.

The Present Day Melbourne Cup Trophy

The present day trophy is made from 34 pieces of gold metal that has been beaten for over 200 hours and made by Hardy Brothers.

The estimated value of the trophy rose in 2008, with the winning trophy now containing 1.65 kg of 18 carat gold estimated at over $125,000.

While the owner of the winning horse is awarded the actual trophy, the winning trainer and jockey also receive a  replica of the iconic design each year.

How the Melbourne Cup is made

The Melbourne Cup is no ordinary trophy, watch the video below to see how the Melbourne Cup is made.

 
 
 
 
Copyright © 2017 Just Horse Racing.
All rights reserved.

Gamble Responsibly 18+
*State exclusions apply to some offers. Please check T&Cs of each offer with the bookmaker. All Offers Exclude NSW residents.